Hurricane Arthur May Rain On Your Plans, But Won't Drain Economy

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Hurricane Arthur May Rain On Your Plans, But Won't Drain Economy

Hurricane Arthur May Rain On Your Plans, But Won't Drain Economy
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Hurricane Arthur May Rain On Your Plans, But Won't Drain Economy

by TheStreet 2:30 mins

Hurricane Arthur May Rain On Your Plans, But Won't Drain Economy

by TheStreet 2:30 mins

Hurricane Arthur is continuing to intensify, with the National Hurricane Center predicting it to make landfall on the North Carolina coastline as a Category 2 hurricane before traveling up the East Coast, and raining on a lot of 4th of July plans in the process. But the storm shouldn't have too much of a negative impact on local communities, according to Lee Nettles, executive director of the Outer Banks Visitors Bureau in North Carolina. He says local businesses and tourism won't suffer badly from the quick-moving storm. That's echoed by research from the Hampton Roads Planning District Commission. The commission found that, "In general, those communities impacted by Category 1 and 2 storms are likely to experience little fiscal impact."

TheStreet